Qualcomm second-quarter results beat estimates, shares rise
Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly results and forecast current-quarter sales largely in line with expectations even though several other chipmakers had...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Exclusive: Chesapeake Energy preparing bankruptcy filing
Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade's U.S. shale boom, is preparing...
Facebook sees signs of stability in ad spending
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks...
Shares jump on coronavirus treatment hopes, oil soars
World stock markets rose sharply on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.
Canopy Growth Corp to lay off 200 employees
Canadian pot producer Canopy Growth Corp said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal announcement...
Wall St. surges on promising coronavirus drug
U.S. stocks surged on Wednesday as expectations of an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words...
Qualcomm forecasts upbeat revenue as 5G demand mitigates virus impact
Qualcomm Inc on Wednesday forecast current-quarter revenue largely in line with expectations as it signed more contracts for 5G phones, which use higher-priced chips, at a...
U.S. economy faces hard slog back from pandemic, Fed chief says
The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the...
Austria says it might demand Lufthansa stake for Austrian Airlines aid
Austria might demand a stake in Lufthansa in exchange for granting emergency aid to the German flag carrier's unit Austrian Airlines, the country's conservative chancellor, Sebastian...
Microsoft revenue beats as remote work feeds cloud demand, boosts Teams
Microsoft Corp reported quarterly revenue above Wall Street estimates on Wednesday, boosted by higher demand for its cloud platform Azure and collaboration app Teams, and as...
Facebook, beating revenue estimates, sees signs of stability in ad spending
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in...
Tesla's profit streak not derailed by coronavirus as auto industry braces for losses
Tesla Inc on Wednesday posted its third quarterly profit in a row, but said the novel coronavirus was hurting deliveries and lockdown restrictions made it impossible...
Wall Street rallies on promising coronavirus drug
U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words...
Podcast: When Currencies Fail: A Primer on the Dollar Crisis in Lebanon
Coindesk Nathaniel Whittemore Apr 29, 2020 A massive shortage of dollars is instigating economic chaos, including a more than 50% loss of value in the Lebanese...
VW, Toyota delay U.S. production restart, citing supplier concerns
Volkswagen AG and Toyota Motor Corp said on Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network.